We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Diodes (DIOD) Stock Outpacing Its Computer and Technology Peers This Year?
Read MoreHide Full Article
Investors focused on the Computer and Technology space have likely heard of Diodes (DIOD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Diodes is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. DIOD is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DIOD's full-year earnings has moved 1.75% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, DIOD has gained about 48.33% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 29.41% on average. This means that Diodes is performing better than its sector in terms of year-to-date returns.
To break things down more, DIOD belongs to the Electronics - Semiconductors industry, a group that includes 37 individual companies and currently sits at #32 in the Zacks Industry Rank. Stocks in this group have gained about 41.35% so far this year, so DIOD is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track DIOD. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Diodes (DIOD) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Diodes (DIOD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Diodes is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. DIOD is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DIOD's full-year earnings has moved 1.75% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, DIOD has gained about 48.33% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 29.41% on average. This means that Diodes is performing better than its sector in terms of year-to-date returns.
To break things down more, DIOD belongs to the Electronics - Semiconductors industry, a group that includes 37 individual companies and currently sits at #32 in the Zacks Industry Rank. Stocks in this group have gained about 41.35% so far this year, so DIOD is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track DIOD. The stock will be looking to continue its solid performance.